Amazon swings to rare profit in Q2

Seattle – Sales growth outpaced that of expenses during second quarter 2015, leading to a rare report of positive net income at Amazon.com Inc. Amazon reported net income of $92 million, compared to net loss of $126 million the same quarter the prior fiscal year.



Net sales increased 20% to $23.18 billion in the second quarter, compared with $19.34 billion. Helping to boost sales was the Amazon Prime Day special one-day sales event on July 15, which broke previous sales records for Black Friday. Amazon also expanded same-day delivery for Amazon Prime loyalty members to 14 U.S. metro areas, expanded e-commerce operations in Mexico and India, and introduced the Amazon Business program aimed at business customers.



The teams at Amazon have been working hard for customers,” said Jeff Bezos, founder and CEO of Amazon.com. “We unveiled Amazon Business, opened Amazon Mexico, launched Prime free same-day, rolled out our ninth Prime Now city, broke our Black Friday record with the first-ever Prime Day, and continued to double down on our fastest growing geography — India.”



Amazon also entered into enough solar and wind farm agreements to exceed its goal of 40% sustainable energy for 2016.



Looking ahead to the third quarter, Amazon expects net sales between $23.3 billion and $25.5 billion, or to grow between 13% and 24% compared with third quarter 2014.